qwertyuiopasdfghjklzxcvbnmqwerty uiopasdfghjklzxcvbnmqwertyuiopasd fghjklzxcvbnmqwertyuiopasdfghjklzx cvbnmqwertyuiopasdfghjklzxcvbnmq wertyuiopasdfghjklzxcvbnmqwertyui opasdfghjklzxcvbnmqwertyuiopasdfg hjklzxcvbnmqwertyuiopasdfghjklzxc vbnmqwertyuiopasdfghjklzxcvbnmq wertyuiopasdfghjklzxcvbnmqwertyui opasdfghjklzxcvbnmqwertyuiopasdfg NIFTY OUTLOOK hjklzxcvbnmqwertyuiopasdfghjklzxc REPORT vbnmqwertyuiopasdfghjklzxcvbnmq 30 June 2017 wertyuiopasdfghjklzxcvbnmqwertyui opasdfghjklzxcvbnmqwertyuiopasdfg hjklzxcvbnmrtyuiopasdfghjklzxcvbn mqwertyuiopasdfghjklzxcvbnmqwert yuiopasdfghjklzxcvbnmqwertyuiopas th
30th June 2017
NIFTY
NIFTY SPOT : PIVOT : 9510
R1:9545 S1:9490
R2:9561 S2:9455
R3:9586 S3:9410
NIFTY INTRADAY CHART NIFTY OUTLOOK Nifty is likely to open in a negative note. Bears are likely to serve by bulls in the party. Intraday traders are advised to adopt sell on rise strategy for the session. Momentum indicators like rsi are indicating towards bearish sessions ahead. Positional traders are advised to keep their stop loss at 9400 for the longs. Strategy: short nifty around 9475 with a stop loss of 9510 for the target of 9400.
Name
Current Value
Change
% Chg
Open
High
Low
FTSE 100 (Jun 29)
7,350.32
-37.48
-0.51
7,387.80
7,451.95
7,341.75
CAC 40 (Jun 29)
5,154.35
-98.55
-1.91
5,268.23
5,272.94
5,143.82
DAX (Jun 29) Nikkei 225 (Jun 30) Straits Times (Jun 30)
12,416.19
-231.08
-1.86
12,707.48
12,729.18
12,396.13
19,997.50
-222.8
-1.11
20,025.63
20,044.01
19,946.51
3,228.89
-29.76
-0.92
3,243.79
3,246.10
3,224.17
Hang Seng (Jun 30)
25,744.01
-221.41
-0.86
25,679.64
25,767.39
25,661.43
Taiwan Weighted (Jun 30)
10,356.63
-65.02
-0.63
10,367.26
10,385.92
10,329.84
SGX Nifty (Jun 30)
9,488.00
-41
-0.43
9,521.00
9,548.00
9,446.50
WWW.EQUITYRESEARCHLAB.COM
30th June 2017
CORPORATE NEWS Wall Street ends lower US stocks ended lower on Thursday with the S&P 500 and the Dow industrials suffering their worst daily percentage drops in about six weeks largely weighed down by technology stocks. The technology sector, which has led the S&P 500's 8-percent gain for the year, dropped 1.8 percent, and were the worst-performing major group, said a Reuters report. The Dow Jones Industrial Average fell 167.58 points, or 0.78 percent, to 21,287.03, the S&P 500 lost 20.99 points, or 0.86 percent, to 2,419.7 and the Nasdaq Composite dropped 90.06 points, or 1.44 percent, to 6,144.35. SGX Nifty The Nifty50 futures on the Singapore Stock Exchange were trading 2 points higher at 9,504 indicating a flat opening for the domestic market. Economists polled by Reuters had expected GDP growth to be unrevised at 1.2 percent in the first quarter. The economy tends to underperform in that period relative to the rest of the year due to perennial issues with the calculation of the data. The government has said it is working to resolve those issues. US first quarter economic growth revised up The US economy slowed less than feared in the first quarter due largely to a jump in consumer spending. Gross domestic product increased at a 1.4 percent annual rate instead of the 1.2 percent reported last month, the Commerce Department said in its final assessment for the period on Thursday, said a report. US dollar falls, bond yields edge higher The euro and sterling rose on Thursday and US bond yields spiked as hawkish comments from central banks signalled an end to ultra-loose monetary policy on both sides of the Atlantic, said a Reuters report. The dollar index touched its lowest since October before Donald Trump was elected US president. The dollar index fell 0.46 percent, with the euro up 0.55 percent to USD 1.1439.
WWW.EQUITYRESEARCHLAB.COM
30th June 2017
ERL RESEARCH TEAM Member Name
Designation
E-mail ID
Mr. Tuhinanshu Jain Mr. Manish Bimal
Research Head Sr. Research Analyst
Tuhinanshu.jain@equityresearchlab.co.in Manish.bimal@equityresearchlab.co.in
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